ResidentialLease, 175 25 502, , Miami - Powered by DMT

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Status: Active

175 25 502

Miami

$19,500
 |  3 Beds  |  3.5 Baths  

Description

Purchase Price
$4,300,000
This provides an opportunity to secure pricing below current listings while the building is just entering its first resale cycle.

Lease Structure:
12-month lease
$19,500 per month

Purchase Option:
Option deposit: $145,500 - equivalent to 3% and credited toward purchase but non-refundable.
Rent credit: 40% of rent paid during the lease period applied toward the purchase price = $93,600 ( $19,500 x 12 x .40)
9 months into the lease the purchase option should be confirmed.

Over a full year, this structure results in approximately $239,000 credited toward the purchase, bringing the effective purchase price to roughly $4.061M if the option is exercised. The buyer may exercise the option to buy once the 12-month holding period is satisfied.

This arrangement is particularly useful for someone who would like to secure a position in the building now, and complete the acquisition once the timing aligns.

Listing courtesy of Paz Realty, LLC

Property Details

ResidentialLease

Features & More

Resident Highlights
Washer/Dryer: Dryer Hookup
Dishwasher
Microwave
Refrigerator
Elevators
Open Porch
Private Outdoor
Pool
View: Bay, Ocean
Building Amenities
Garage
Parking
Laundry
Valet
Outdoor Space
Secured Lobby
Security Guard
Smoke Detectors
Terms of Living
Pets allowed in the unit
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